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(train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank you. ♪ >> republicans sharpening their budget knives. democrats just licking their political shops. frankly, we don't know what all the fuss is about. ♪ welcome, everybody. i'm cheryl casone. republicans planning to outdo paul ryan with a budget blueprint that has democrats crying. we are wondering why. this is a ten year plan. in the lot can change into an years. does look at how things change the last ten years. ten years ago barack obama was unknown. in years ago lance armstrong was like to. in years ago there was no iphone. i think it was called itunes. a lot has happened in ten years. it makes you wonder what will happen in the next ten years which is making our next guest wonder if the fuss over these cuts is all for
of the game. kicking the can is the best way to describe what happens. think of the economy and where it could be in tin years. unemployment, the rate of inflation with the federal reserve policies, we might be looking in a significant threat of inflation. so in the amount of budget cutting that they do, the value of dollars cut will be diminished. cheryl: she has a great point, and there is another issue. in fact, if you look at overall what congress can are cannot do in the next and here's, they're going to change their minds. we have seen that with the fight over entitlement programs. everyone comes in saying there will address medicare, social security and medicaid, and they never do it because reelection comes of senate and later. >> well, in fact, we should be celebrating an anniversary, popping champagne corks because it was exactly 12 years ago tomorrow that alan greenspan testified before congress and said the biggest challenge this country has in terms of fiscal issues is that the budget surplus is getting so large that we will have no choice but to buy stock in private companies. tw
in for overall view of yahoo! and how the positive developments fit into the economy. larry i cut you off in mid-sentence so i will go to you first. good news on yahoo! specifically. how does yahoo!'s earnings beat on the earnings sort of set a stage for what is happening in the technology sector at large? is this just part of what you expect? because we also have apple pulling the nasdaq down? >> well, absolutely. you know, if you look at technology, it is always been one of the top three sectors that have always pulled us out of recessions or slowdowns. these companies, apple, google, yahoo!, continue to change the way we receive information and shop online both business appersonally. we feel technology will be here for a long time to come down the road. we like the tech sector very much. cheryl: sam as well has been so patient standing by. since marisa meyer took over the company the stock is up 30%. some are looking for headlines in the report about plans she has specific plans, for this company. sam, we're not seeing that. what type of role is leadership in all of this do you think? >> i th
economy and its resilience and its ability to come back from the dumps? >> yeah, well, it is a little bit of all of that. we will never know how it would have worked out if there had been a different president of the united states. but you do know that the federal reserve has been quite instrumental here in pushing rates to historically low levels, flooding the economy with money, and chasing people into risk assets with the idea that that would create a sense of wealth, and therefore spending, and that is to a degree working. and the other side is that the american economy is tremendously resilient. so we are on a path to recovery. there are some head winds that are enduring. we're growing about half what we would like to grow at, but we are in a recovery, and i expect that 2013 will look a lot like 2012, 2% kind of growth which is not terrible, not great, but good enough. >> it feels like we're running on a treadmill. we're in the same exact spot and we keep running and running and getting nowhere. so jim, my question -- or peter, i should say, let's bring in peter here. my question for
, is the worst thing in the world. here is why, the economy is growing, housing is recovering and we're going to get a little bit of relief here. as the economy grows, we hope that-- we're going to-- >> adam. >> the problem that you have adam, as the economy is growing, and we're coming slowly out of this recession, you've got more taxes coming, payroll taxes are going up and you're going to have the higher rates, ben says is great, rich need to pay more, but basically keeps the lights on for three days and by the way, then you have obamacare taxes. >> and then here is the thing, gerri, there's never the right time. listen, it's not about punting right now. this is an extension -- remember the deal before with the debt ceiling, supposed to be the ultimate deal we'd never have to punt again. this leads to another punt, another punt and things are getting better let's not do it now. things are getting worse, let's not do it it now. and it's raining outside, let's not do it. let gerri talk for a minutes. >> according to the democrats, they're standing in the way of this. never seem to get anythi
for a while. does that help the economy? >> oh, i believe it does, because it gets to, i think, a bigger issue, brenda, finally, maybe, a little tamp down on government overreach, you know, in obama's inauguration speech, it was all about growing government even bigger than it already is. and the problem is, when government grows, the private sector suffers. and if you say, well, who cares where the money goes, the problem is government growth is always less inefficient than private sector growth and this is one step toward hopefully allowing the private sector to grow, tamping down on unions which i think have hurt many, many, many industries, despite the higher wages. in the union you have higher wages until you lose your job, and i think this is a step forward, this is progress, what needs to be done. >> brenda: you know, jonas, toby brought up a good point. which is that union membership has been declining for decades, record lows right now. so, what difference does all of this make? the unions don't have as much power. does this make all that much difference to jobs? >> i'll go off what t
the of the bank of israel on keeping his economy strong and safe in a very volatile region. david: microsoft is out. the numbers are out. adam shapiro, how do they look? >> well it's a beat on earnings, david, but a miss on revenue. earnings, 81 cents per share. the street was expecting 75 cents. revenue 21.46 billion. the street was expecting 21.53 billion. jumping in real quick on the press release they're talking about it, in the last quarter, in the server and tools business, saw increase 8.5 billion. the previouser, server and tools business reported 9.1 billion of revenue. 9% increase from the prior period year-over-year. we'll jump in to see how windows 8 is performing but they're missing on revenue. sandra: we'll keep watching the stock here in after-hours trading. looks like it is getting a little bit of a boost in after-hours trading so we'll keep looking at those numbers. keep in mind the revenues numbers fell short but the earnings per share did beat. it is a decent beat. it is six pennies. let's get to the market panel. scott bower in the pits of the cme group in chicago. we hav
& noble, dagen and connell. they will close a third of their stores. it is a tough economy. people are moving to digital. this may bode well for amazon.com. barnes & noble down nearly 2% today. barnes & noble say they will close one third of their stores over the next decade. let's take a look at the broader market. the dow down about ten points. much like the nasdaq composite and the s&p 500. they are all hovering near the unchanged line. the retail, drugged and bank index all have done okay with down arrows. connell: a team of a bipartisan senators have come together with their own plan on immigration reform. dagen: peter barnes is on capitol hill with the very latest. peter: this group of eight editors can't bipartisan group, for democrats, for republicans, trying to get out before the president speech tomorrow in nevada. now, the senator's proposal includes increase and verifiable border security and tracking of legal immigrants making sure that they believe when they are supposed to, mandatory employment verification, green cards for top floor and college students who are gett
on the dow today was the drop in jobless claims. while that is good news, markets and the economy have another big headache. it's called washington. with me now, harvard economist jeffrey myron. good to see you. as always, let's start with these weekly jobless claims. it's getting some attention, some bus. they were down 5,000 to 330,000. that is the lowest level in, i believe, two years. pretty impressive. is this a trend? >> at think it probably is. i think we will see gradual and continual improvement in the jobless numbers. it will gradually see some improvement in the unemployment rate. and don't think it's going to be really fast. of the car going to see overall growth in gdp really speed up. everything seems to suggest we will muddle along. we have had for the last three years of so. better than recession, but not nearly as fast as we have normally expected. gerri: well, as part of it due to washington because they cannot seem to solve any of the problems in front of them, whether it is sequestration on the debt ceiling? >> i certainly think that washington policies play a big r
year until 2013 to make the world economy more green. that's $14 trillion. joining me now, the heritage foundation who focuses on energy, environmental regulatory issues. i have to tell you, you have to hear what they say. the former mexican president talking about the goal here. economic growth and sustainability are interdependent. you cannot have one without the other. what do you say? >> well, if that is the case what we need to subsidize it with taxpayer dollars? if this is such a profitable idea, if the green energy market is a multitrillion-dollar economy, then let the ceos and venture-capital this figure that out. while this been a your money in my money? it makes economic sense. this culture of promoting these ideas with government capitol only creates government welfare or corporate welfare and creates corporate dependence. gerri: companies that fail as we talked about some many times in the show. whether you're talking about solyndra or a number of others that our government financed. you would think that maybe these are just wacked-out the trees coming of the wild ideas. and
to productivity. the only way economy grows is adding more people. unions run counter to that and why more people are against them. >> steve when they spend millions on issues they are losing, that is union dues money and doesn't fall out of the sky. >> yes, they are heavily in politics and union members don't have to pay for politicing and focusing on the bargains they don't pay the dues. it is overreach. >> are they toothless tigers. >> no, you have to keep an eye on this. the great state of california numbers are on the swing. they are coming from the latino community. one group of people that republicans are trying to become friends with. >> look at overall figures. union members down below 7 percent, emake. >> that's right. we haven't seen this in decades, david. the gig is uon the other side of the aisle. taxpayers realize that government unions lobby for more spend more tax hikes and meaning property taxes go up. why? to pay for the benefits . taxpayers are saying wait a second, we get it . the union members understand the back lash, too. >> bill, your back shot was hard to digest, but the
invest in a public private partnership in geo engineering and transit it in a new energy economy. look at hurricane sandy. 50 billion and more in damagings. we'll keep having storms like that and impact insurance company and wall street, we have to get with the new economy. should it be public or private money? if there is a profit, the company companies will do it? we don't have to put our tax dollars do we? >> if green energy works we wouldn't need a suck sidies. 90 billion under president obama. that is flushed down the drain and you are again picking winners and losers. it just so happens, that the best energy carbob nuclear hydrocarbon and the green lobby oppose and vote against it is it a anti-man position. we use fossil fuels to better our lives and give us food and transportation and makes the modern world possible. to be against that is against the man's well being on earth. >> is there any proof that green initiatives have worked? >> apparently not. if you look down the list. everybody picks out solyndra. there is about 20 others that went up side down and in the toilet and a
believes that's going to be the major thing to turn around the japanese economy. cheryl: i mean it's almost a currency war, if you will. i mean they are getting into a very crowded space, and with the pressure that we have seen in particular on the dollar, over the last two years, i mean, i'm wondering what that means for us. >> absolutely. they are starting to step on the toes of the fed. you know, the fed has been really priming the pump here, printing money, printing money in efforts to keep the dollar as weak as possible in this risk off type scenario market. so now some of these other central banks are now starting to fight back a bit, and the bank of japan has probably been the most aggressive in doing so with some of the easing that they have already done. cheryl: do you think they will do more easing? is that what you think is going to be the headline here? >> we have pretty much baked into the cake that they will be raising the inflation target to 2% from 1%. they are probably going to extend their asset purchases. they're really talking about different measures to dramatically wea
to be a country driven by a vibrant, private economy, or are we starting to look like a mature european country? essentially, the question is can you have small government with an aging population on top of the other programs that was cited that the presidentments. >> no doubt we're on an unsustainable path, and democrats acknowledge it, but as far as whether they're going to cut programs we have and seen mayor cuts to the programs, republican says we are getting like greece. the only thing to change the equation is to make the tough decisions that president obama said himself in the initial inaugural address in 2009 is that he was going to make tough decisions. congress and the president have not made tough decisions. we may have to get downgraded again. the credit rating agency force action on capitol hill which could spur action. liz: interesting what bob said. when you talk to ratings agencies, you know, yes, they acted like the bar tenders at a party, handing out ids to anyone on wall street, but the u.s. is not agenting like an aaa country. they may not react and poo-poo it, but the react
of money it spends, the amounts of money meddles in the world economy, and to the degree of which all of the spending and meddling is not paid for out of current income -- neil: doesn't make a great captivating speech. there's no war on this. right to point out television animal opportunity miss the. what struck me more was to do that, he had to sense that republicans didn't have the power or organization to challenge it. by not mentioning it, and by the media then correcting conservatives who dare condemn that deletion from the president's speech, he feels that it's the wind that hid that and not at republicans for reigning in that spending. >> well, and i think so, and this is where speaker boehner has the perfect opportunity to change the narrative by forcing everything through regular legislative order. you control what goes to the floor. don't reauthorize programs. i would love to have the nation debate the question, should we not reauthorize americorp or cut the marine come. they'll ask what's americorp? what's it do? the speaker can start the process if he has the discipline to
to think they do, they should resist and do the best they can without harming the economy. lou: with a brighter communication and messaging strategy, that would be helpful to the gop. the opposition as much in need these days. thank you very much for being here. that is it for us tonight. we thank you for being with us. please be with us tomorrow night. goododod night from new york. neil: welcome, everybody. i am neil cavuto sitting before what was the parade route and what was a very busy stand with the most powerful people on the planet behind that class and behind that building that is going to be taken down. pie by piece over the next 24 hours. where i am sitting in that building that was in view, the president and e vice president and their families were sitting there. it will be dismantled from scratch. there is no warehouse where they can put this stuff up. this day we commemorate the president starting his second term. a president who started with a pretty in-your-face agenda, be that as it may, if you thought that the president was going to slow down on some government
hillary clinton testifying on the benghazi attack. melissa: is the economy and low beer? we have an exclusive interview with the american trucking corporation bill graves. lori: the big apple shrinking? the new trend of micro- apartments in manhattan. 250 square feet. melissa: time for stocks now as we do every 15 minutes. let's head to the floor of the new york stock exchange where nicole petallides is standing by. nicole: i saw pictures of those apartments, i would love to buy one. they actually look very cute. let's take a look at some of the earnings related names. let's start at mcdonald's. it is up about a half% here. they expect the management -- that is not great news there. you can see the up arrow. when you talk about airlines they are up about three and a 3%. good news there despite the fact that superstar did actually cripple operations for some time. despite that, they did come in with an income of 37 billion compared with 18 million year-over-year. that is why you are seeing it up over 3%. united technologies which is to the upside. hitting 52 week highs today. you
with their best strategy and the outcome for both the market and the economy. don't go anywhere. more "money" coming up. ♪ twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares re, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. lori: all right. back to business in washington now republicans hold a big vote to whether or not to extend the debt limit until may. if congress doesn't pass a budget by april 15th they no longer get paid! i have no problem with that. our panel is here with their take on the strategy. we have our favorite economist, peter morici. the always amazing scott martin, chief market strategist with united advisors and former democratic congressman
want to be a country driven by a vibrant, private economy, or are we starting to look like a mature european country? essentially, the question is can you have small government with an aging population on top of the other programs that was cited that the presidentments. >> no doubt we're on an unsustainable path and democrats acknowledge it but as far as whether they're going to cut programs we have and seen mayor cuts to the programs, republican says we are getting like greece. the only thing to change the equation is to make the tough decisions that president obama said himself in the initial inaugural address in 2009 is that he was going to make tough decisions. congress and the president have not made tough decisions. we may have to get downgraded again. the credit rating agency force action on capitol hill which could spur action. liz: interesting what bob said. when you talk to ratings agencies, you know yes they acted like the bar tenders at a party, handing out ids to anyone on wall street but the u.s
horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. sandra: you think our ranking crisis was ba back in 2008? it was, but imagine iceland. their three against banks failed. they just failed, the banks of the same leveraged that our state of the governments took the opposite approach of the u.s. so did the world end? hardly so, david. david: the world economic forum with a leader who had to make that tough choice. liz: david, the world hardly froze up and ended for iceland. sure, they had majo have major , 10% unemployment, 90% of the value lost, but today it is a much different story. we want to hear about this from the president of iceland. welcome, mr. president. >> thank you. liz: in the u.s. a lot of people still wonder what would have happened if we had let our banks fail. i know is a completely different scale, but talk about your experience and back then in 2800 google did was to allow something like that to happen. >> even though the scale is different in iceland, whether they are at large, small, they face simil
on the economy and that, but not at the expense of social security, medicare, and medicaid >> we, the people, still believe that every citizen deserves a basic measure of security and dignity. we must make the hard choices to reduce the cost of health care and the size of our deficit. but we reject the belief that america must choose between caring for the generation that built this country and investing in the generation that will build its future. lori: the president giving his second inaugural address this morning. rich edson now joining us from washington d.c., and that was certainly a politically partisan address we heard from the president. >> reporter: well, it was a defense of the political theory, awaited the u.s. should be governed and should govern itself. i would almost characterize it as something along the lines of a response to what we heard from president reagan in 1981 when he said government is not the solution to our problems, it is the problem. president obama making the case that the government is not necessarily our problem. together we could do great things. together w
to a better economy. keys to your house, a new house hopefully. connell: let's talk about the markets. nicole petallides starts us off as she does each day with stocks now. nicole: taking a look at a market that really has shown strength over the last seven of the past nine weeks. the dow trading as high as 13,682 prior to pulling back here into negative territory. we are seeing multi- year highs. while they see the trend to the upside, they rally to resist it levels. i wanted to take a look. it was lower in the free market. the cfo, chief financial officer, gave an outlook for 2013. it is now trading higher on this conference call. their wireless margins took a jump. a good outlook. back to you. dagen: thank you. congress is heading back to work just one day after president asked both parties to come together and stand behind his visions. connell: house republicans may be less than willing to join him. rich: so is the bipartisan goodwill. the effects of the inauguration starting to disappear a bit from washington. some tourists remaining in town. we expect them to drop the same lines we have
areas of agreement between myself, i am a conservative, and don. we both agreed that this economy will do well because of energy. we both believe it is on the upswing because of housing. >> that is all you have to say? stuart: we also agree on taxes. >> we should have a free enterprise, free market system. stuart: why are you such a supporter of the most leftist president in american history? >> it is not just a chief financial officer, it is a leader of our nation. he has no peers when it comes to any other candidate on the republican side or any other republican sitting in the senate. we are out of time. connell: good morning, everyone. i am connell mcshane. dagen: i am dagen mcdowell. things are looking up on the jobs front. connell: monica crowley. dagen: dreamliner, the troubles have not gone away for boeing. michael dell has ordered one of them. connell: then there is jamie dimon and john chambers. you will be hearing from both of them in this hour. liz claman at the world economic forum. cheryl: stocks now and every 15 minutes. apple. nicole: i will show you apple in a mome
and you really do, you've got the makings of an upbeat, an up tick in america's economy, do you see it my way? >> i see it your way, this is very good news. we're on that road, stuart. but we cannot put politics completely to the side. our road has lots of potholes, lots of road blocks and possibly has a lot of tolls along the way. so, i think the biggest threat to the recovery happens to be our own government. >> yes, but -- and i'm just suggesting that if we build that pipeline and if we allow more fracking, you could have an energy based jobs recovery, i know that those are big if's, but i think we could get it if we get the pipeline and more fracking. go ahead, last word to you on this one. >> right, right, we have that, but also on the other side, remember what's going on internationally. we have a race to the bottom in terms of a currency war. right now, the dollar is going to start to strengthen from my opinion and i think when that happens, a lot of the companies that export are going to be hit, they have really good years last year, and with the weak dollar so we have the energy
said, you know, we're not there yet, the american economy is nos recovered, worried about the credit, and we kept it going, a real testament to him and his moral leadership on this. melissa: steve, are you that gracious? >> no, i wouldn't be that gracious. i give him a "d" -- melissa: oh, oh, a "d"! >> a generous "d," and i see what sigh san is saying in that i think the strength was he was more an ideolog, a strength, but he has to answer for the dramatically escalating debt that took place while he was treasury secretary. the fact that the president didn't take it very seriously, and then his comment to paul ryan i thought was a telling one saying to paul ryan we don't have a definitive solution to the problem, but we don't like yours. you got to have solutions if you're the secretary of treasury. melissa: tim, what do you think? can you cut it in the middle. we have an a and a d, what do you give him? >> actually, i feel right in the best place. i give him a c-plus, better than average, better than average. he had a tough job over the last four years, and i'm not sure anybody coul
years a good strong first-half of the year and whether it is washington or the economy, something scares off those equity traders when we head into august and the second half of the year we lose those games. what makes 2013 in a different in your opinion? >> sell in may and go away. we have had this bullishness that tends to have deteriorated. lester wasn't quite as bad. i think a lot of that is chance. we have the japanese tsunami earthquake that just happened in march, april, i don't think that is going to be part of a regular pattern. i think the second half of this year it's going to be better than the first half of this year. we have to absorb the payroll tax hike, there probably will be some sort of sequester that will come and slow it down the second half of this year 3% to 4% gdp growth turning into 2014. cheryl: that is very bullish indeed. another push over the last few years has been the fed and the boost we have gotten even the europeans are now on board from quantitative easing that has to end at some point. do you worry about the fed coming in and saying we are seeing a ris
. there is definitely a lot of momentum the upside. it is a sign that the economy is improving. there is a large speculation that oil demand will improve. a lot of traders do think that we have hired to go here. the rest of the energy market, gasoline futures are spiking as there is word that one of the major east coast refineries. natural gas prices down 4% in today's trading session. guys, we are nearing $100 a barrel, as far as oil prices are concerned. melissa: sandra smith, thank you so much. lori: three-week since boeing 787 had its latest incident. investigator is shifting our focus. we have the latest details just ahead. melissa: the s&p holding their five year high. ♪ the local melissa: it is time to make money with charles payne. charles: i accidentally went to ugg store. we just dumped into the door. what? i could not believe that you know, you do not like to do things on this anecdotal thing. the last time i went to a retail store that crowded with that type of enthusiasm and electricity was back in 2002. steve madden. the place was buzzing. i cracked a few jokes. no one even knew
population, a serious drain on the company's economy. frequent "varney & company" guest summed up japan's predicament in an interesting way, listen to this. >> you can see anecdotally they sell more adult diaper products than infant. stuart: is that true? >> yes, it is. stuart: wow, indeed. that's the dire situation in japan. contrast that with the united states. our proportion of old people far, far lower than japan, and lower than europe, too. a big part of that is because of immigran immigrants. now this, the former head of the head of the city teacher's union, that was years ago, she is, however, randy weingarten, now the head of the federation of teachers which is a part of the afl-cio and joins us in the next hour, and topic number one, the six-figure payout. we follow microsoft on this program, i own some of that stuff and we talked to an executive who had the ear of bill gates, he says microsoft chief steve ballmer has to go. also coming up, big news i should say from two names you know, google and ibm, we're following both of them at the opening bell. may, everybody, cheer up,
the world as we continue. stay with us. lou: the obama economy in tonight's "chalk talk" we take a look at the obama economic failure. anti-gun advocate started as seven democrat, and day distort his campaign ad. he supports the second amendment steven haze of the weekly standard, a former bush special assistant to next. ♪ [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection. in most states, a legal plan attorney is available with every personalized document to answer any questions. get started at legalzoom.com today. and now you're protected. [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the clou
the big roll the private sector is playing in the rebuilding of his country and his economy. david: before we get started on this hour, we want to tell you what drove the markets with today's data. a sea of green on wall street with all three major indices ending week higher. dow, s&p and nasdaq posting a fourth straight week of gains the dow is the week's winner, closing up 1.%. all 10 s&p sectors ending the trading day higher led by consumer discretionary and energy. the euro hitting a 11-month high versus the dollar after the ecb said banks will pay back loans faster than expected. euro rising to $1.34 in intraday trading against the greenback. >>> new home sales as we mentioned before falling last month dropping to an annual rate of 3509,000. that is last month's drop did not derail the previous gains. housing sales posted the best year since 2009, jumping 20% from a year ago, sandy. >> we have our market panel. jeff saut, chief investment strategist at raymond james. david steinberg, dls capital managing partner. let's first start with mark. the take on the rally here. it is good news
's a lot of run here and profit taking, but a lot of things going for us, the economy, employment, housing in particular, and, actually, don't forget the fact there's a little taunt between the congress and president right now as far as the debt ceiling goes. >> what's that do to economic growth. i mean, many economists say, you know, the debt ceiling debate, no matter what the fiscal cliff deal, take your pick, is going to shave half a percent of gdp in the first quarter of 2013. >> you know what, this is going to sound terrible, i don't put faith in what economists said. over the past two years, going into two double dip recessions. never came about. they don't have a handle on what's going on. investor and consumer confidence is better than anticipated. we'll do well. >> washington, we need tome -- to keep it going. a lot happening now in the oil market, especially with wti, michael, and in particular, the seaway, unclogging, if you will, of crude supplies another inventory build on our hands do you think? >> you know, tell you what, cheryl, i was with traders over the week, and we had
an entire year since president obama's job council officially made? to as to save the economy. are you happy with how things are going? or power panel is here with what should be happening. for all you brides and grooms to my being the case of cold feet, don't despair. a new company lets you buy and sell your wedding. all you have to worry about is the person elected the altar. the woman behind this new business, even when they say it's not, it's always about "money." all right. we start with the first to announce plans on how exactly it hopes to pay for obamacare. a little bit surprising. republican arizona governor says that the tax increase interstate is the answer. the governor proposing a new hospital provided tax, and this is on topple all the taxes we were just three weeks ago. a number of experts and even some hospitals are on board with the governor's new tax hike. with me now is one of them. from the university of arizona public health policy and management professor. welcome to the show. do you think this is a good idea? >> good evening. i think that for arizona this is a very nov
of dollars to the state economies and create tens of thousands of jobs right your home. the icing on the cake, it would help us as a nation become more energy independent. what is it? well, drumroll. approving the keystone xl pipeline. it is not just me. today senators on both side of the aisle have written a letter urging the president not to approve this pipeline right now. thanks to a major announcement from the governor yesterday, you're out of excuses, mr. president. joining me now, jerry taylor from the cato institute. great to have your. it's back in the president's hands once again. what is your betting on what you will -- you will do? >> i don't know. they don't send me internal memoranda. my guess is he will approve the pipeline. it's very difficult to say no. the state department already argued the filing sometime ago that it would have minimal impact on the environment. not a lot of dispute that this would be good for the economy. gasoline prices may have been sliding, but they seem relatively high command others think of the pipeline as a way of addressing that. given all that i
low, but a guest said, look, washington is going to mess up the economy. the sequestering issue is prevalent, and the debt ceiling debate is going to further erode consumer confidence, people will not spend, and the rally might be in jeopardy. i'm a real basking of hopefulness and positivity. >> thank you so much. the unions, lou dobbs weighs in on dwindling union membership, but to the point, there's a rally holding on, but a rally nonetheless. >> that's right. the s&p right now, which was above 1500, 1502 to be exact a short time ago, back to the levels we saw in 2007. we're trying to hang on to the rally, but thinking the dow was up more than a hundred points, and now it's up 3 dlsh 4 -- 41. >> will the markets hold on despite with what's going on with apple breaking down? clinging to green, approached the 1500 level not seen in years. if we end higher, that's the 7th consecutive day of gains, the longest winning streak in more than six years for the s&p. >> and no longer the apple of wall street's eye. it pummeledded as they posted the fourth most profitable company ever. >>
the economy. if the head of the fed can't get it right, i doubt the brains trying to come up with rules and regulations have any idea, and i don't think if they know what the news is next week. i don't put any creens into them. >> you know, if you are an investor and have money in the money market funds, follow the story. it could be meaningful to you. gary, greg, thanks for coming on. great to have you here. appreciate your time. >> thanks. >> thanks, gerri. gerri: strong earnings report sent stocks higher today on wall street after breaking through 1500 yesterday for the first time since 2007, the streak of gains in eight days, the longest in 2004, hurray, and the dow in spitting distance of 14,000. the nasdaq posted gains today despite another down day from apple. exxon is the most valuable company by market cap. apple's stock on the decline from earlier this week dropping 2 two more percent today. thanks to the oil giant, there's a market cap of $5 billion higher than apple. that's big. a lot more still to come in the hour including how more waste, fraud, and abuse in washington is
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